Restrictions on Insurance Companies and Their Affiliates
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An insurance company or affiliate of an insurance company shall not, directly or indirectly:
Beneficially own, whether through rights, options, convertible interest or otherwise, fifteen percent (15%) or more of the voting securities or other voting ownership interest of a TNInvestco;
Manage a TNInvestco, other than exercising remedies for default; or
Control the direction of investments for a TNInvestco.